Fly I'm gonna tell you a big secret that you won't find in any book, any newspaper nor any trading "expert" will tell you.
Look, EVERY speculative market in normal conditions (no external factors like Central Banks direct injections) follows the same pattern in the long term:
1. INDIFFERENCE ("This thing doesn't move, impossible to make money with it")
2. LOW INTEREST ("Well, it has moved a little, sure will fall again)
3. INTEREST ("It's rising consistenly, seems a good buying opportunity")
4. POPULARITY ("The thing start appearing on the news, experts start reccomending to buy it")
5. CRAZE ("Everybody makes money from it, it's expected to rise infinitely. "Experts" remain silent")
6. DISAPPOINTMENT ("It's not rising as expected, instead is falling a little bit. "Experts" reccomend to hold and to wait for a new money that will never come")
7. FEAR ("This thing is crashing! What the hell is happening! "Experts" reccomend to sell, cause it will go lower")
8. FREE FALL OR CONTINUED FALL ("It was a bubble! Look it's going lower and lower! What a scam! "Experts" justify it as a fraudulent scheme and clean their hands)
... And the cycle starts again.
This pattern appears in any speculative thing, but in cryptos the "long term" concept is not so long. As you can see, the only ones who make money consistenly are those who enter at points 1,2,3. When nobody trust in this shit. At these points exist the possiblity to lose all the investiment cause the chiken dies, but as profits are always greater than 100%, those investors are the winners in the long term.
Now, tell me, at which point are we right now in BTC and altcoins in general?